Reuters story on the tape saying India's Reliance not done buying shale plays. Says KWK, Enduring, and EOG may be the targets. These guys have done 3 deals this year and are said to be looking for a full cash buyout to get their knowledge base up to snuff on shale operations to run them around the world and back home. I can think of no better horizontal driller expert to target than EOG and EOG will tell you they are generally 6 to 18 months ahead of the curve in their new plays so they'd probably agree with me. They're also oilier than someone like KWK and more diverse but less indebted and cumbersome a deal to do than say, a CHK.
test, test, test
I C U
thanks
Reuters story on the tape saying India's Reliance not done buying shale plays. Says KWK, Enduring, and EOG may be the targets. These guys have done 3 deals this year and are said to be looking for a full cash buyout to get their knowledge base up to snuff on shale operations to run them around the world and back home. I can think of no better horizontal driller expert to target than EOG and EOG will tell you they are generally 6 to 18 months ahead of the curve in their new plays so they'd probably agree with me. They're also oilier than someone like KWK and more diverse but less indebted and cumbersome a deal to do than say, a CHK.
Ah, our boyz at the rating agencies-heh
http://www.nytimes.com/2010/09/05/business/economy/05gret.html
http://www.ritholtz.com/blog/2010/09/regulation-ab-downgrading-the-ratings-agencies/
I C U 2 ZMAN
Saudi Arabia Raises Prices of Crude Oil Sold to All Customers in October
http://www.bloomberg.com/news/2010-09-05/saudi-arabia-raises-prices-of-crude-oil-sold-to-all-customers-in-october.html
Thanks much
Tropical Storm Hermine in the Gulf; probably not much of a threat
http://www.marketwatch.com/story/tropical-storm-hermine-could-cause-disruptions-2010-09-06
Gaston trying to get its act together near the Leeward island, might squeak into the Gulf later this week.